Should Your Clump Your Charitable Donations?
A higher standard deduction means investors should consider clumping several years of charitable donations into a donor advised fund to help reduce tax burden, says Michael Kitces.
Michael Kitces is a partner and the director of wealth management for Pinnacle Advisory Group, co-founder of the XY Planning Network, and publisher of the continuing education blog for financial planners, Nerd's Eye View. You can follow him on Twitter at @MichaelKitces.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com. The recently enacted tax legislation makes it much less likely that many taxpayers will itemize their deductions. Joining me to discuss what's going on with deductions as well as some strategies for taxpayers to consider is Michael Kitces; he's joining me via Skype.